29 Things to Save Up For as a Teenager or Young Adult [2021]

As teenagers start making more money, parents naturally tell them they should save it. But what exactly should they be saving towards? How much of their money should they be saving? Should they be saving for short-term costs or long-term plans?

What are Teens Buying These Days?

Today’s teenagers fall under the category of Gen Z. In 2020, Gen Z teenagers had an average of $115 in spending money each month, though this likely varied widely by age and socioeconomic status.

Things to Save Up for as a Teenager

Back-to-school clothing shopping

School trips

Streaming services

Things to Save Up for as a Teenager

Games & gaming equipment

Presents for others

Prom expenses

Things to Save Up for as a Teenager

Lessons for a hobby 

College application fees

College (not just tuition, but also textbooks, boarding, etc.)

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